Bitcoin Price Selloff; Trend Makers Bashing Continues

Bitcoin Price plummeted below the $8000 level today for the first time in last the last thirty-five days. The constant bashing from business icons and trend makers are the most prominent drivers for the steep selloff. Bitcoin price lost 20% of its value since it hit the $9,900 mark on May 12.

The selloff is quite surprising for bulls as they were expecting BTC price to generate solid gains considering Goldman Sachs, NASDAQ, and Intercontinental Exchange are all now backing the coin.